M&A Deal Summary

Tyco International Acquires CII Technologies

On January 24, 2001, Tyco International acquired electrical equipment company CII Technologies from Crescent Capital Group and CHS Capital

Acquisition Highlights
  • This is Tyco International’s 2nd transaction in the Electrical Equipment sector.
  • This is Tyco International’s 12th transaction in the United States.
  • This is Tyco International’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2001-01-24
Target CII Technologies
Sector Electrical Equipment
Buyer(s) Tyco International
Sellers(s) Crescent Capital Group
CHS Capital
Deal Type Add-on Acquisition

Target

CII Technologies

Asheville, North Carolina, United States
CII Technologies, Inc., is a manufacturer of high performance electromechanical relays.

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Buyer(S) 1

Buyer

Tyco International

Mahon, Ireland

Category Company
Founded 1960
Sector Safety/Security
Employees57,000
Revenue 9.9B USD (2015)
DESCRIPTION
Tyco office in Irvine, California.
Tyco office in Irvine, California.

Tyco International Ltd. is a global provider of security products and services, fire detection and suppression products and services and life safety products. The Company's portfolio of products and services, sold under brands such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Scott and ADT serve security, fire detection and suppression and life safety needs across commercial, industrial, retail, institutional and governmental markets. Tyco International Ltd. was established in 1960 and is headquartered in Mahon, Ireland.


DEAL STATS #
Overall 13 of 32
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 9 of 26
State (North Carolina) 1 of 1
Country (United States) 12 of 27
Year (2001) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-13 Lucent Technologies Power Systems

Murray Hill, New Jersey, United States

Lucent Technologies Power Systems a supplier to the global information network. LPS provides a full line of power products, including AC/DC and DC/DC switching power supplies, batteries, power supplies and back up power systems.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-03 Scott Technologies

Beachwood, Ohio, United States

Scott Technologies, Inc., is a designer and manufacturer of sophisticated, high performance respiratory protection systems, gas detection instruments and other life saving products for fire fighting, industrial, aviation and government markets.

Buy $400M

Seller(S) 2

SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 3 of 47
Sector (Electrical Equipment) 1 of 3
Type (Add-on Acquisition) 2 of 19
State (North Carolina) 1 of 2
Country (United States) 3 of 40
Year (2001) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Brown Jordan

St. Augustine, Florida, United States

Brown Jordan is a designer, manufacturer and marketer of quality home furnishings and contract furnishings, selling a full range of products. Brown Jordan International offers innovative designs, superior quality, efficient production methods and a strong portfolio of recognized brands including Brown Jordan, Winston, Casual Living Worldwide, Charter, Tropitone and Texacraft. Brown Jordan is based in St. Augustine, Florida.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-27 DJO Global

Vista, California, United States

DJO Global, Inc. is a manufacturer of rehabilitation and regeneration products for the non-operative orthopedic and spine markets. DJO Global offers a range of products includes rigid knee braces and soft goods, cold therapy, vascular systems, and bone stimulation and regeneration products. DJO Global, Inc. was founded in 1978 and is based in Vista, California.

Sell -
SELLER

CHS Capital

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1988
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHS Capital is a large private equity firm that targets US-based company investments in a variety of sectors. CHS will consider both control and non-control positions in businesses with proven management and strong growth potential. Broad sectors of interest include business services, consumer services, consumer products, distribution, industrial products and infrastructure. The Firm looks for businesses valued from $75 to $300 million. CHS will not invest in venture opportunities or turnaround situations. CHS was formed in 1988 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 46
Sector (Electrical Equipment) 1 of 3
Type (Add-on Acquisition) 1 of 9
State (North Carolina) 1 of 1
Country (United States) 2 of 46
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 American Reprographics

Walnut Creek, California, United States

American Reprographics Company (Fund IV) is the largest reprographics company in the U.S., providing document management services to the architectural, engineering and construction industries and to other industries that require sophisticated document management services. ARC operates 177 reprographics service centers in the United States and Canada. The company's common stock is publicly-traded under the symbol 'ARP.' The company is headquartered in Walnut Creek, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-01 Berkline/Benchcraft Holdings

Morristown, Tennessee, United States

Berkline/Benchcraft is a manufacturer of motion upholstery furniture.

Buy $62M